Will SmartPhones Buck The Trend – 23% CAGR by 2011?
While the growth in the handset market is shrinking at an aggregate level, the smartphone market is growing. With sales estimated at 5 million in 2008, it is expected to witness a compound annual growth rate (CAGR) of 23% by 2011, as per technology research firm Ascendia, way more than the growth rate of around 10% being witnessed by the regular handsets market, which closed with nearly 105 million units in 2008.
In fact, sales of regular handsets dipped around 25% in November and December 2008 compared with October. Smartphones, on the other hand, continued to grow. According to research firm IDC, smartphones comprised 5.7% of total handset sales in 2007 and the figure is expected to
increase by 13.2% this year.
I wonder if the same holds for the other productivity tools as well.
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The views expressed here are my own, and do not reflect, or are related to the views of my organization.